Thursday, November 26, 2009
GOLD HITS THE 1ST RETRACE POINT
A NORMAL RETRACE WOULD BE TO THE 1ST POINT SHOWN AT 1186.60, THE NEXT IS AT 1184.60, I'M BETTNG ON THE YELLOW UPTREND LINE
GIVEN THE VOLATILITY OF THIS MARKET, I WANT
THE LOWEST BUY IN I CAN GET.
I KNOW GOLD IS GOING TO GO HIGHER, SO I DON'T
WANT TO BUY IN ANY HIGHER THAN NECESSARY
AS IT IS MOVING UP AND DOWN SO MUCH, I DON'T WANT
TO GET UPSIDE DOWN ANY MORE THAN IS ACCEPTABLE
ON ANY POSITION.
YOU ALMOST NEVER GET THE BOTTOM PRICE, SO YOU
JUST WANT TO GET CLOSE TO THE BOTTOM ON YOUR
BUY IN
GOLD RETRACE BACK UP 61.8%, NOW FALLING AGAIN
GLOBEX CLOSED AT 10:15AM PST FOR HOLIDAY
DOW DOWN 200 POINTS, OIL, EURO DOWN, GOLD SLIPPING
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